Markets in Asia Pacific have started to recover, and US stock futures jumped more than 800 points, a day after novel coronavirus fears and an oil price war sparked a worldwide panic.
New York/Hong Kong Markets in Asia and Europe staged a modest recovery Tuesday, and US stock futures gained more than 500 points a day after novel coronavirus fears and an oil price war sparked a worldwide panic.
The mood among investors was helped by news of President Donald Trump's plan to propose"significant relief" in the form of a payroll tax cut and help for hourly workers most affected by the coronavirus, and expectations of more stimulus measures elsewhere.European shares opened higher after Monday's plunge. In the opening minutes of trade, the FTSE 100 , the French CAC 40 and Germany's DAX were all trading around 1% higher.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures sink nearly 1,300 points, oil prices drop as concerns mount about a global recessionU.S. stock futures and bond yields tumbled Monday, extending a global rout after a sharp drop in crude prices intensified concerns about a global recession.
Read more »
Dow plummets 1,800 points, oil prices drop as global recession concerns mountU.S. stocks, bond yields and oil prices tumbled Monday, extending a global rout as fears intensified about the coronavirus outbreak.
Read more »
Dow plummets 2,000 points, oil prices drop as global recession concerns mountU.S. stocks, bond yields and oil prices tumbled Monday, extending a global rout as fears intensified about the coronavirus outbreak.
Read more »
Dow futures down over 1,200 points as oil-price plunge sends shock waves through global marketsU.S. stock-index futures were down sharply Monday, falling their daily limit, as fears of an oil price war between OPEC and Russia sent crude futures...
Read more »
Global stocks and oil prices plunge over global fight for crude productionGlobal stock markets and oil prices have plunged after a squabble among crude producers jolted investors who already were on edge about the rising costs of a virus outbreak
Read more »
Stock market live updates: Stocks reopen after halting, Dow down 1,800Stock market live updates: Shares of bank stocks are suffering amid a collapse in bond yields. Shares of Citigroup are down more than 10%, JPMorgan lost 9%, Goldman Sachs fell 8% and Bank of American dropped 8%.
Read more »